• Filing Date: 2021-03-30
  • Form Type: 10-K
  • Description: Annual report
v3.21.1
Leases
12 Months Ended
Dec. 31, 2020
Leases [Abstract]  
Leases

We have entered into various non-cancelable operating lease agreements for certain of our offices, and certain equipment. Our leases have original lease periods expiring during 2021. As of December 31, 2020, the weighted average remaining lease term and weighted average discount rate for operating leases was 0.6 years and 4.5%, respectively.

 

Total operating lease expense was $0.3 million and $0.5 million for the years ended December 31, 2020 and 2019, respectively.

 

The following table provides a summary of leases by balance sheet location:

 

    Years Ended December 31,  
Operating leases   2020     2019  
Right-of-use assets   $ 61     $ 68  
                 
Lease liabilities – short term   $ 58     $ 61  
Lease liabilities – long-term     3       7  
Total lease liabilities   $ 61     $ 68  

 

The following represents maturities of operating lease liabilities as of December 31, 2020 (in thousands):

 

    Operating leases  
2021   $ 59  
2022     3  
Total   $ 62  
Less: imputed interest     (1 )
Present value of lease liabilities   $ 61  

 

For the year ended December 31, 2020, supplemental cash flow information related to leases are as follows (in thousands):

 

Operating cash flows from operating leases   $ 181  
Right-of-use assets obtained in exchange for lease obligations   $ 169  

 

As of December 31, 2020, minimum payments due under all non-cancelable lease agreements were as follows (in thousands):

 

Years Ending December 31,

  Operating Leases  
2021   $ 59  
2022     3  
Total minimum lease payments   $ 62